FRC publishes its 2021/22 annual report and accounts
25 Jul, 2022
The Financial Reporting Council (FRC) has published its 2021/22 annual report (“the annual report”) reflecting 'another period of continued progress of transformation for the FRC'.
The annual report outlines the progress made over 2021/22 and the work towards transitioning to the Audit, Reporting and Governance Authority (ARGA). It highlights a number of achievements during the year including:
- The work of the transformation programme to change the culture, capability and capacity of the organisation.
- The recent publications such as 'The What Makes a Good Audit?' publication and the high number of applicants and signatories to the Stewardship Code.
- The FRC’s consistent approach to assertive supervision and strong enforcement.
The annual report also sets out the FRC's Strategic Priorities for 2022/23.
The press release and the full annual report are available on the FRC website.
